Income Tax News

Due date for filing ITR extended to 7th Sep in Gujarat

01 September 2015 at 10:27

CBDT has extended Due date of filing ITR from 31/08/15 to 7/9/15 only for GujratPlease refer to the attached file for more details

Posted in Income Tax | 3 comments | 19779 Views

ICAI follows with authority to extend due date for filing return

29 August 2015 at 12:31

As you are aware, the Direct Taxes Committee of ICAI has already made a representation for extension of due date for filing return of income and is very vigourously pursuing the same. The Direct Taxes Committee of ICAI with the help of the President,

Posted in Income Tax | 15 comments | 20052 Views

Indirect taxes grow more than 37% in first four months

25 August 2015 at 10:13

FM: Buoyancy in the Indirect Tax Collections as They Grow more than 37% in the First Four Months of the Current Financial Year 2015-16; That Manufacturing and Service Sector is Performing Well; Economy Showing Strong Revival and Growth; GST is a Monu

Posted in Income Tax | 2 comments | 7335 Views

India signs agreement with Seychelles for tax information exchange

21 August 2015 at 10:05

Signing and Ratification of agreement between India and Seychelles for the exchange of information with respect to taxes The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the signing and ratification of the agreement b

Posted in Income Tax | 1 comments | 10425 Views

Tax benefits notified in the state of Bihar

20 August 2015 at 10:14

Income-Tax Act 1961 Amended Through Finance Act 2015 to Provide Certain Tax Benefits to Notified Backward Areas in Specified States Including State of Bihar to Give These Areas an Opportunity to Grow Faster;21 Districts of Bihar Notified as Backward

Posted in Income Tax | 9582 Views

Computation of period of stay in India in certain cases

19 August 2015 at 10:36

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,SECTION 3, SUB-SECTION (ii)]GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUE[CENTRAL BOARD OF DIRECT TAXES]INCOME-TAXNotificationNew Delhi, the 17th August, 2015S.O. 2240(E).

Posted in Income Tax | 11673 Views

34281 cases pending related to direct tax in high courts

12 August 2015 at 10:42

The number of cases relating to Direct Taxes pending in various High Courts and the amount involved therein is as below: High Court No. of cases pending* 34,281 Amount involved* (in Rs. crore)

Posted in Income Tax | 4 comments | 14997 Views

Indirect Tax Provisional Revenue Collection Increases by 39.1%

11 August 2015 at 18:01

Indirect Tax Revenue (Provisional) Collections Increase From Rs. 40,802 Crore in July 2014 to Rs. 56,739 Crore During July 2015 Registering an Increase of 39.1% During the Month of July 2015 Over the Corresponding Period in the Previous Year; Customs

Posted in Income Tax | 1 comments | 9240 Views

CBDT signs advance pricing agreements (APAs) to usher in certainty in taxation

07 August 2015 at 10:40

As a part of a major initiative to usher in certainty in taxation, the Central Board of Direct Taxes (CBDT) entered into two unilateral Advance Pricing Agreements (APAs) on 3 August, 2015 with two Multi-National Companies (MNCs) which includes the fi

Posted in Income Tax | 8388 Views

Measures taken by govt to simplify tax filings

01 August 2015 at 13:26

With a view of minimize the cost of compliance of the taxpayers, the Central Board of Direct Taxes (CBDT) has taken several measures to make tax payment and statutory filings simple and convenient for the taxpayer, including- � Online applicatio

Posted in Income Tax | 13695 Views